In recent weeks, construction companies and developers around the country have folded amid the pressures plaguing the building industry. This paints a worrying picture of the pain that's coming for the construction industry in the coming months. Gibson adds that Carters has a dominant position in terms of supplying materials to businesses in the building industry. Gibson compares the Commerce Commission market study to what happened in the supermarket industry recently. Whether the Commerce Commission findings do eventually result in changes will ultimately depend on the will of the Government.

Source: New Zealand Herald June 07, 2022 19:53 UTC